Saturday, April 3, 2010

weekly review and monthly goal.

Here are the numbers:

3/28/2010 12
3/29/2010 38
3/30/2010 -34
3/31/2010 4
4/1/2010 21
4/2/2010 19

Total of 60 pips for this week, as I traded 6 days, average 10 pips a day.

The goal is to focus on execution of the plan, and try to use limit order as much as posible, not market orders.

There are 2 type of setup I should be trading.

1: Support or Resist play, when a support or resist is approaching, the price would either break through it or bounce from it. I shall watch the reaction at the key level and follow or fade the move. In execution, I shall short the pop or buy the dip.


2: Pirce moves in one direction with strong trending. I shall follow the trend and buy the dip or short the pop.

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